Statewide CDC
For banks and credit unions, finding ways to grow lending portfolios while keeping risk manageable is always a top priority. The Small Business Administration or SBA 504 loan program offers a unique opportunity to do both. By partnering with a Certified Development Company (CDC) such as Statewide CDC, lenders can provide small businesses with affordable, … Read more
As of March 1, 2026, the SBA’s revised citizenship and residency requirements for SBA 7(a) and 504 loans are now in effect. For lenders, this means that applications must fully comply with the updated ownership eligibility standards. Statewide CDC wants to ensure our lending partners clearly understand what has changed and how to properly vet new … Read more
Understanding your potential loan payment is one of the best ways to plan for long-term business growth. SBA 504 loans are designed to make ownership more attainable by offering fixed, predictable payments that support stability. Knowing your payment helps you budget, compare options, and start conversations with lenders and Certified Development Companies (CDCs) like Statewide … Read more
The SBA has introduced two major programs that are changing the way manufacturers finance growth in 2026: the Manufacturer’s Access to Revolving Credit (MARC) program and a limited-time fee waiver for SBA 504 loans. Together, these programs make it easier for manufacturers to expand, modernize, and strengthen production across the United States. Why These Programs … Read more
With the federal government shut down, many small business owners and commercial real estate partners are asking what this means for SBA 504 loan financing. The short answer: while SBA loan approvals are temporarily paused, the process does not stop entirely. There’s still important work that lenders, brokers, and borrowers can do right now to … Read more
Manufacturers are the backbone of the U.S. economy and many turn to Commercial Real Estate (CRE) brokers and lenders to help them acquire, expand, or modernize their facilities. In a historic move, the U.S. Small Business Administration (SBA) has announced two groundbreaking initiatives to strengthen this sector: These developments open powerful new opportunities for lenders … Read more
The commercial real estate market has experienced significant shifts over the past several years, and many business owners are wondering if now is the right time to make a move. Rising interest rates, inflation, and evolving workplace needs have created a new landscape for buyers and investors alike. For small business owners looking to secure … Read more
The SBA 504 loan program is one of the most powerful tools available for helping small businesses finance major investments like commercial real estate or equipment. Yet despite its benefits, many lenders hesitate to offer it. At the heart of this hesitation are common misconceptions about how SBA 504 loans work, how long they take, … Read more
Leasing commercial space often appears to be the easier, more affordable route. But while it may require a smaller upfront investment, the long-term costs of leasing can quietly accumulate, limiting financial growth and long-term flexibility. Business owners who compare leasing with ownership often find that buying a property offers stronger financial returns and greater operational … Read more
While conventional loans are a staple in business financing, SBA 504 loans provide a unique opportunity to serve a broader range of borrowers, particularly small business owners seeking long-term, low-rate financing with minimal equity requirements. By incorporating both loan types, banks and credit unions can enhance their ability to meet diverse borrower needs, attract more clients, and … Read more